XXXVI, No 9, 07/05/2018

India’s “chilling effect”

“We are appreciative of offset banking, but what we would really require as [anyone] doing business in India, is clarification that the offset has been realised. Because unfortunately I submit to you today that companies have been given penalty letters, payments are being withheld, and this creates a chilling effect,” said AECOM’s Rahul Madhavan.